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LSDefine

Simple English definitions for legal terms

price support

Read a random definition: golden rule argument

A quick definition of price support:

Price support: When the government helps keep the price of something from going too low by giving money to the people who make or sell it. This helps them make a profit and keeps the price from getting too low.

A more thorough explanation:

Price support refers to the act of artificially maintaining prices of a particular commodity at a certain level, usually through government intervention such as subsidies.

For example, the government may provide subsidies to farmers to keep the price of wheat at a certain level. This means that even if the market price of wheat falls below the desired level, the government will step in and buy the excess supply to keep the price stable.

Another example is the price support for milk. The government may set a minimum price for milk to ensure that dairy farmers receive a fair price for their product. If the market price falls below this level, the government may purchase the excess milk to maintain the price.

These examples illustrate how price support can help stabilize prices and protect the income of producers. However, it can also lead to inefficiencies and distortions in the market, as well as increased costs for taxpayers who fund the subsidies.

price-renegotiation clause | price war

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General

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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